Economic calendar (GMT0):
(Time/ Region/ Event/ Period/ Previous/ Forecast/ Actual)
10:00 Eurozone Industrial production, (MoM) January -0.5% Revised From -1% 1.7% 2.1%
10:00 Eurozone Industrial Production (YoY) January -0.1% Revised From -1.3% 1.4% 2.8%
The U.S. dollar traded mixed to higher against the most major currencies in the absence of any major economic reports from the U.S.
The euro traded lower against the U.S. dollar despite the better-than-expected industrial production data from the Eurozone. Eurostat released its industrial production data for the Eurozone on Monday. Industrial production in the Eurozone climbed 2.1% in January, exceeding expectations for a 1.7% increase, after a 0.5% fall in December.
Non-durable consumer goods output increased 2.4% in January, capital goods output climbed 3.9%, while energy output rose 2.4%.
On a yearly basis, Eurozone’s industrial production rise 2.8% in January, exceeding expectations for a 1.4% rise, after a 0.1% decrease in December. December’s figure was revised up from a 1.3% drop.
Durable consumer goods climbed by 3.2% in January from a year ago, capital goods rose by 4.6%, non-durable consumer goods gained by 7.3%, while intermediate goods output increased by 1.9%.
Energy output declined by 3.7% in January from a year ago.
The British pound traded mixed against the U.S. dollar in the absence of any major economic reports from the U.K.
EUR/USD: the currency pair declined to $1.1098
GBP/USD: the currency pair traded mixed
USD/JPY: the currency pair traded mixed
The most important news that are expected (GMT0):
19:00 New Zealand RBNZ Governor Graeme Wheeler Speaks
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